Green Composites Market

Green Composites Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Green composites are made from biopolymers or renewable-resource-based polymers, which are reinforced with bio-fillers or natural fibers. Green composites are recyclable, renewable, and biodegradable. They significantly reduce the dependency on fossil fuel when used in interior applications.
Evolution to a circular and low-carbon economy, strong policy support for bio-economy from governments across the globe, and increasing consumer awareness about sustainable packaging are likely to drive the global green composites market in the near future
Of late, polypropylene composites reinforced with green or natural fibers have gained substantial popularity in the automotive sector. Reduced costs, distinct mechanical properties, lower density, and less energy consumption are advantages offered by natural fibers over manmade fibers.
Led by unique characteristics such as renewability, abundance, formability, cost-effectiveness and eco-friendly nature, green composites are anticipated to replace synthetic-fiber-based composites in several engineering applications during the forecast period

The global automotive industry aims to produce lightweight automotive parts with good mechanical properties in order to reduce CO2 emissions and enhance fuel efficiency. Automakers are currently shifting toward green composites based on wood fibers such as hemp, which are not only cost-effective in terms of production, but also tougher than steel.
The transportation sector is likely to prefer green composites, particularly for usage in interiors and exteriors of automobiles. Green polyamides, such as polyamide-12, serve as lightweight materials for metal replacement in the transportation sector. This helps achieve reduction in the overall vehicular weight. For instance, Rilsan HT, a polyphthalamide (PPA) -based biopolymer by Arkema, is a notable high-temperature polyamide to replace metals in automotive tubing.
Of late, increasing numbers of market participants have been substituting fossil-based feedstock by bio-based materials. Manufacturers are focused on incorporating biodegradable alternatives in their product lines in response to the rise in consumer demand for sustainable products. This is likely to drive the consumption of green composites during the forecast period.
Government regulations such as CAFE (Corporate Average Fuel Economy) are likely to provide significant potential for the green composites market during the forecast period

Governments of several countries across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to goods and services, has come to a halt because of lockdowns. Green composites impart excellent mechanical properties. They are lighter in weight. This makes them ideal for usage in door panels, package trays, dashboards, and trunk liners of cars. The Covid-19 pandemic has led to a rise in unemployment rate, as many companies have been facing liquidity crunch. Many companies have laid off their employees. As a result, potential car buyers have postponed or cancelled their decision to buy a new car. This has resulted in a decrease in sales of cars, thus hampering the green composites market.

The global green composites market can be segmented based on fiber and end-use industry
In terms of fiber, the global green composites market can be bifurcated into wood fiber and non-wood fiber
In terms of end-use industry, the global green composites market can be segregated into transportation, building & construction, health care, consumer goods, energy, and others

In terms of region, the global green composites market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
North America is likely to be a key region of the global green composites market during the forecast period. Increase in focus on reducing pollution and rise in utilization of agricultural waste are expected to offer lucrative opportunities for the green composites market in the region in the near future.

Global Green Composites Market: Research Scope

Global Green Composites Market, by Fiber

Global Green Composites Market, by End-use Industry

Global Green Composites Market, by Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa